CBO: Biden $15 An Hour Minimum Wage Will Cost 1.4 Million American Jobs

[blackhawk]

 

[danielpalos]

Americans still lose jobs.
- They have to compete with millions of illegals flooding into the US for Jobs
- Biden and Kerry continue to promise 'shove-ready' energy jobs that don't exist
Prices rise - consumers take the hit
SLOW death instead of all at once...pick your poison.

Just right wingers being drama queens when it concerns the Poor.

Abolish your worthless drug war and invest in those economies to help them in their own economy.

We have plenty of infrastructure that could be upgraded. Even entire new Cities in more optimal locations could be built.

Higher paid labor creates more in demand and generate more in tax revenue.

 

[Ray From Cleveland]

Yes and in that time workers raises haven't kept up with inflation and ceo pay is out of control. That's ok though. I'm one of the higher paid guys at my company and my brother is an overpaid VP.

Ray, instead of crying that they had pensions, you don't, so they shouldn't have them, you should have said you wanted a pension too. Instead you brought the rest of us down to your level. Thanks a lot.

Too bad you aren't young enough to have to worry about mexican truck drivers. I'd love it if they open the doors and let them drive and compete against you. Hey, go get a better trade then.

They are actually. The industry needs tens of thousands of drivers they can't find, so they are hiring foreigners. Not only can they not read our English road signs, but they don't even have to take our test. Many of them have no training or experience and it shows. They are dangerous to be around. But what can you do? Americans won't do the job anymore. Some of those jobs pay close to six figures and you still can't get an American to work them, mostly because of dope.

 

[danielpalos]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

Only in the short term. Unemployment compensation could be improved to better pick up the slack and automatically stabilize our economy. In the long run, higher paid labor creates more in demand and generates more in tax revenue.

Only if you raise it gradually enough that the market can adjust. Double it overnight and impact 60% of the work force and things can get ugly.

"adjust" = raise prices slowly enough that customers don't riot...

And that adjustment still results in the loss of jobs, just less noticeably. My Dad would tell us that in the 1950's they marveled at the Soviet Union where you had to pump your own gas while here in the States we had a teenager come out and not only pump your gas but check your tires, oil and water. Get that kind of service lately? Now, when you get fast food, more likely than not you'll place your order and pay for it on a touch screen. The only time you interact with a person is when somebody hands you a bag and a cup to go pour your own drink. Go grocery shopping and you can scan and bag everything on your own. Low end jobs do disappear as they become more expensive. Even higher paying jobs are disappearing. Once upon a time, auto manufacturing assembly lines employed hundreds of thousands of highly paid workers. Now a relative handful monitor and fix the machines that put the cars together. The only question is, what will replace the lost jobs? The trend is jobs that require more training and more education before you can even start. And prices continue to rise.

The former Soviets should have beat us to automation not just space.

Bread tractors for the People!

 

[sealybobo]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

So what? Biden is planning to create a bunch of new jobs in green energy, education, infrastructure and health care.

Putting money in people's pockets increases the demand for restaurants, home improvement, vacations, entertainment, new clothes, etc. and all those industries will have to go on a hiring spree to meet the demand.

and 900,000 lifted out of poverty.

I have looked over the last 20 years and I haven't found one President that has created one job other than a new position on his staff or cabinet. Over the same time span I have seen American entrepreneurs create thousands and thousands of new jobs.

The other thing you said is that it is going to bring 900,000 out of poverty which is great, however the CBO says that 1,400,000 will lose jobs, so our net will be a negative 500,000. So I'm not seeing that as a positive.

After the Republican Great Depression, FDR put this nation back to work, in part by raising taxes on income above $3 to $4 million a year (in today's dollars) to 91 percent, and corporate taxes to over 50% of profits. The revenue from those income taxes built dams, roads, bridges, sewers, water systems, schools, hospitals, train stations, railways, an interstate highway system, and airports. It educated a generation returning from World War II. It acted as a cap on the rare but occasional obsessively greedy person taking so much out of the economy that it impoverished the rest of us.

But the rich fought back, and won big-time in 1980 when Reagan promptly cut income taxes on the very rich from 70% down to 27%. Corporate tax rates were also cut so severely that they went from representing over 33% of total federal tax receipts in 1951 to less than 9% in 1983 (they're still in that neighborhood, the lowest in the industrialized world).

The result was devastating. Our government was suddenly so badly awash in red ink that Reagan doubled the tax paid only by people earning less than $40,000/year (FICA), and then began borrowing from the huge surplus this new tax was accumulating in the Social Security Trust Fund. Even with that, Reagan had to borrow more money in his 8 years than the sum total of all presidents from George Washington to Jimmy Carter combined.

In addition to badly throwing the nation into debt, Reagan's tax cut blew out the ceiling on the accumulation of wealth, leading to a new Gilded Age and the rise of a generation of super-wealthy that hadn't been seen since the Robber Baron era of the 1890s or the Roaring 20s.

And, most tragically, Reagan's tax cuts caused America to stop investing in infrastructure. As a nation, we've been coasting since the early 1980s, living on borrowed money while we burn through (in some cases literally) the hospitals, roads, bridges, steam tunnels, and other infrastructure we built in the Golden Age of the Middle Class between the 1940s and the 1980s.

We even stopped investing in the intellectual infrastructure of this nation: college education. A degree that a student in the 1970s could have paid for by working as a waitress now means incurring massive and life-altering debt for all but the very wealthy. Reagan, who as governor ended free tuition at the University of California, put into place the foundations for the explosion in college tuition we see today.

Roll Back the Reagan Tax Cuts | Common Dreams

Our bridges are falling apart (among other things), and its Ronald Reagan's fault. A few hours before the bridge collapsed in Minnesota, a news release landed (among hundreds) in my email inbox. It was from the right-wing "Heartland Institute" and a Minnesota conservative group calling itself...

www.commondreams.org

 

[sealybobo]

Higher paid labor creates more in demand

You keep belching up this nonsense yet you've never once tried to support it...

Every single time the minimum wage has gone up, unemployment has gone down. There is an ENORMOUS amount of pent up demand for goods and services for working Americans, but they lack the income to properly provide for their families, much less plan major purchases or savings.

The USA is the ONLY country in the first world where the numbers of people in the middle class is declining, and more people are falling back into poverty than are rising out of the middle class into wealth. A thriving middle class is a necessity for a healthly thriving first world economy.

Republican policies are killing the American middle class, as surely as the farmer killed the goose that laid the golden eggs, and to the same effect.

https://www.bankofcanada.ca/wp-content/uploads/2017/12/san2017-26.pdf

Dems should follow Bill Clinton’s lead on minimum wage hike

One of the Democrats’ top priorities in the new Congress is a $15 minimum wage — a 107-percent increase over the current standard. Before embracing a federal wage mandate for which there&#821…

thehill.com

Yes, Dems held majority for almost every minimum wage raise

Eighty-one years ago, the American workforce was introduced to its first ever federal minimum wage. President Franklin D

www.politifact.com

Why the middle class is shrinking

Fewer millennials in 2019 are middle class compared to baby boomers when they were in their 20s.

www.marketwatch.com

Seven reasons to worry about the American middle class | Brookings

Eleanor Krause and Isabel Sawhill list seven reasons why the American middle class is in trouble.

www.brookings.edu

I don't have time to read every link you posted, but I did read Why Middle-Class is Shrinking.

They point to several factors. One is housing. Two is many jobs are technical today. Three is college expense.

My father is a retired bricklayer. He built the house we grew up in during the mid 60's. He said if he were younger today, he could never do that again. It would be impossible. Why is that? All the government regulations involved. When you add in unionized labor, prices are through the roof.

A college education. Okay, who runs our colleges in the US? That's right, Democrats. Taking advantage of the supply and demand factor, colleges can charge whatever they want, and have no problem getting students. Governments solution? Put more people in college and charge the taxpayer.

Technological training. Not everybody is geared for a tech job, but we didn't stop backhoes from being built to keep the ditch digger working. We didn't outlaw refrigerators so the ice man can continue to have a job.

I would love to charge my tenants half of what I charge them now, but I can't. Half of my property tax goes to schools I nor my tenants use, and it goes up every year. My water and sewer bills are outrageous thanks to our EPA that mandated we have cleaner water and updated sewer systems. The city demands I get an apartment inspection with each new tenant that costs me a couple of hundred bucks.

Bottom line: much of our problem is actually government.

Damn the EPA wanting you to have clean water. LOL

 

[Claudette]

So what? Biden is planning to create a bunch of new jobs in green energy, education, infrastructure and health care.

Yeah, he also said when he got in office he would get C-19 under control....before he took office and declared 'There is nothing we can do'...

Of course there is nothing he can do. He's no better than Trump or any other POTUS. Once that Chinese virus hit our shores there was no way to stop it and anyone that says they can is a flaming idiot. That Biden.

 

[Claudette]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

So what? Biden is planning to create a bunch of new jobs in green energy, education, infrastructure and health care.

Putting money in people's pockets increases the demand for restaurants, home improvement, vacations, entertainment, new clothes, etc. and all those industries will have to go on a hiring spree to meet the demand.

and 900,000 lifted out of poverty.

I have looked over the last 20 years and I haven't found one President that has created one job other than a new position on his staff or cabinet. Over the same time span I have seen American entrepreneurs create thousands and thousands of new jobs.

The other thing you said is that it is going to bring 900,000 out of poverty which is great, however the CBO says that 1,400,000 will lose jobs, so our net will be a negative 500,000. So I'm not seeing that as a positive.

After the Republican Great Depression, FDR put this nation back to work, in part by raising taxes on income above $3 to $4 million a year (in today's dollars) to 91 percent, and corporate taxes to over 50% of profits. The revenue from those income taxes built dams, roads, bridges, sewers, water systems, schools, hospitals, train stations, railways, an interstate highway system, and airports. It educated a generation returning from World War II. It acted as a cap on the rare but occasional obsessively greedy person taking so much out of the economy that it impoverished the rest of us.

But the rich fought back, and won big-time in 1980 when Reagan promptly cut income taxes on the very rich from 70% down to 27%. Corporate tax rates were also cut so severely that they went from representing over 33% of total federal tax receipts in 1951 to less than 9% in 1983 (they're still in that neighborhood, the lowest in the industrialized world).

The result was devastating. Our government was suddenly so badly awash in red ink that Reagan doubled the tax paid only by people earning less than $40,000/year (FICA), and then began borrowing from the huge surplus this new tax was accumulating in the Social Security Trust Fund. Even with that, Reagan had to borrow more money in his 8 years than the sum total of all presidents from George Washington to Jimmy Carter combined.

In addition to badly throwing the nation into debt, Reagan's tax cut blew out the ceiling on the accumulation of wealth, leading to a new Gilded Age and the rise of a generation of super-wealthy that hadn't been seen since the Robber Baron era of the 1890s or the Roaring 20s.

And, most tragically, Reagan's tax cuts caused America to stop investing in infrastructure. As a nation, we've been coasting since the early 1980s, living on borrowed money while we burn through (in some cases literally) the hospitals, roads, bridges, steam tunnels, and other infrastructure we built in the Golden Age of the Middle Class between the 1940s and the 1980s.

We even stopped investing in the intellectual infrastructure of this nation: college education. A degree that a student in the 1970s could have paid for by working as a waitress now means incurring massive and life-altering debt for all but the very wealthy. Reagan, who as governor ended free tuition at the University of California, put into place the foundations for the explosion in college tuition we see today.

Roll Back the Reagan Tax Cuts | Common Dreams

Our bridges are falling apart (among other things), and its Ronald Reagan's fault. A few hours before the bridge collapsed in Minnesota, a news release landed (among hundreds) in my email inbox. It was from the right-wing "Heartland Institute" and a Minnesota conservative group calling itself...

www.commondreams.org

Sure he did. All those jobs were paid for with tax dollars. He had companies paying as high as 95% so they couldn't hire. Everything he did extended the GP.

WWII saved the day. Not FDR.

 

[WTH_Progs?]

PROGS don't think this way however, because the effect of an action is well beyond them. Even if they consider effects they manage to fuck that up too.

PROGS believe in wonders, and wouldn't it be a wonder if we could just pay people what we want to? Ah here's $15 an hour because you're dumb, lazy and can use the money. Matter of fact we're going to lower prices too sharing more of the love. We got this, it's going to be beautiful.

 

[easyt65]

Now is the best time since the democrats seem to have a workable majority in Congress.

The Democrats held a near 'super majority' control of Congress during Bush's last 2 years throughthe end of Barry's 2nd year in office. During that time they could have passed DACA and any other law to fix all the prolems they do nothing but bitch about. Instead they passed every Leftist Extremist Wet Dream Party-Bennefitting Wish List item they could.

After the GOP took back over they did little more than bitchabout how ther GOP were not passing laws to fix problems, ignoring the fact theyhad the oportunitytodo so but REFUSED to do so.

In the 1st 10 days of Biden being in office he put tens of thousands of Americans out of work, opened the borders - weakening nationalsecurity, sacrificed American energy independence, granted the CCP access to our power grid, & rescinded the label of 'terrorists' from Iran-backed Houthis...in order to advace Left Wing Extremis Ideology and policy.

It seems they realize they missed their opportunityyears ago to seriously push their socialist agenda and have decided they will not make that mistake again.

In the 1st 10 - 15 days Biden has imposed 46 +/- EOs, more than those signed by the last 6 Presidents combined.

 

[hadit]

Change your argument. You are a low skilled worker. But you work hard. You try but can’t find a better job. Trade school isn’t for you.

Yes, these people are our problem.

And besides, even people who went to school today are being underpaid if you compare wages and inflation today to 1970 we’re doing worse today.

I make way more than my dad and mom did yet they were able to retire at 62. My dad at 59.

Back then poor people had it good. They could save and retire at a reasonable age. You’ll see. People won’t be retiring till they’re 70.

Perhaps, but what do you expect industry to do about it? In a world of global competition, and American consumers obsessed with cheap products, how do you pay these no-skilled workers anything but lower wage?

Today, you have to do something to make your labor valuable. I was never college material, but I learned a skill and made a living with it. You can't expect industry to way overpay for labor and still stay in business. It isn't logical.

Ford was doing it in the late 90s and enjoying record profits. So was gm and Chrysler.

Nice to see you admit they were overpaying for labor. Notice what was cut when the economy went in the dumpster? And what was the big thing that got changed? Fat cat union contracts and pensions.

Yes the American middle class took a huge loss when unions got fucked.

And WHY do you think union overhead became so onerous that they threatened to kill the goose? You can't just bemoan the loss of unions without being honest about why they went out of fashion. Frankly, they became victims of their own success because almost everything they fought for was either encoded into law or widely adopted. They were left with diminishing returns. You want them getting higher wages for workers without specifying how the company is supposed to compete with goods made where wages are a tenth that of American workers. If you want American workers to get paid premium wages, they're going to have to produce premium goods that are higher quality than the rest of the world's.

Take cars. Can American cars really claim to be of such higher quality that people are willing to pay thousands more for an American car than a comparable Honda or Toyota, just to pay American workers premium wages?
Electronics. Can American TV manufacturers (are there any?) really claim to be of such higher quality that people are willing to pay hundreds more for an American made TV than a comparable Sony or Samsung just to pay American workers premium wages?

IOW, you can have all the union pressure you want, but if comparable or better goods are available at lower prices, you're not going to sell them.

 

[hadit]

Ford was doing it in the late 90s and enjoying record profits. So was gm and Chrysler.

That's why I and tens of millions of other Americans have been driving Japanese cars for decades now.

I remember the first Japanese imports were greeted with derision and that they were the butt of many jokes. It didn't take long for the quality to meet up with the low price and now they're here to stay. It's a big blow when your competition has the reputation for better quality and lower prices than you do. I have to wonder about our intrepid poster. How many times has he chosen to purchase goods made by non-union companies because it was cheaper and he got the same or better quality? It ultimately comes down to the consumer. He's in the driver's seat and if he wants unions, he'll buy from union companies.

 

[odanny]

So what? That means they all paid far less than $15 an hour, which means they were shit jobs. Roll all those into jobs with a livable wage. That's how the world works, you lose some, but overall, the end result is more money for the working class.

Business doesn't open up or stay open to provide good paying jobs. Businesses open up to make a product or service for a profit.

You and I have widget factories. I pay whatever it takes to get people to work for me, and you pay quality wages and benefits. Amazon needs 10 million widgets. I can sell them mine for $6.00 a piece, and you can sell them yours for $10.00 a piece. Who do you think Amazon, Target, or Walmart is going to buy their widgets from, you or I?

Me, because mine are higher quality, and yours are shit. Walmart and Target initially went with you, but after a slew of negative reviews, complaints, and returns by customers, they decided to go with mine. You still sell yours on Amazon, but most get 1 star reviews.

 

[Papageorgio]

Ford was doing it in the late 90s and enjoying record profits. So was gm and Chrysler.

That's why I and tens of millions of other Americans have been driving Japanese cars for decades now.

Yes we know you don't buy American. That's on you.

Of course Ray they conned a conservative like you to buy japanese cars. Duh.

Just another way you attacked unions. You brought in foreign car makers and it didn't lower prices hardly at all.

At least we have you pushing Chinese products for a solution, certainly not a solution for America is it. Too bad you don't try to sell American products, that's on you.

German or Chinese take your pick. No one makes what I sell in the USA. Oh and I sell aftermarket. My stuff comes from the UK. The granite comes from South Africa.

You guys wanted NAFTA, you got it. I adapted, you didn't. Now you want to tariff and bring jobs back home? Are those jobs going to pay what they paid when they left?

I had to go along to get along. Elections have consequences. That's why coal miners vote for Republicans and people who want to save the planet vote Democratic.

We have been over this a million times, I was never for NAFTA the bill Clinton signed into law. So your stuff comes from Britain? Last time you said China, I wish you'd make up your mind on the story you are telling us, gets confusing to keep track of. I adapted as well, I sell American and buy American. It's easy that way.

 

[Papageorgio]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

So what? Biden is planning to create a bunch of new jobs in green energy, education, infrastructure and health care.

Putting money in people's pockets increases the demand for restaurants, home improvement, vacations, entertainment, new clothes, etc. and all those industries will have to go on a hiring spree to meet the demand.

and 900,000 lifted out of poverty.

I have looked over the last 20 years and I haven't found one President that has created one job other than a new position on his staff or cabinet. Over the same time span I have seen American entrepreneurs create thousands and thousands of new jobs.

The other thing you said is that it is going to bring 900,000 out of poverty which is great, however the CBO says that 1,400,000 will lose jobs, so our net will be a negative 500,000. So I'm not seeing that as a positive.

After the Republican Great Depression, FDR put this nation back to work, in part by raising taxes on income above $3 to $4 million a year (in today's dollars) to 91 percent, and corporate taxes to over 50% of profits. The revenue from those income taxes built dams, roads, bridges, sewers, water systems, schools, hospitals, train stations, railways, an interstate highway system, and airports. It educated a generation returning from World War II. It acted as a cap on the rare but occasional obsessively greedy person taking so much out of the economy that it impoverished the rest of us.

But the rich fought back, and won big-time in 1980 when Reagan promptly cut income taxes on the very rich from 70% down to 27%. Corporate tax rates were also cut so severely that they went from representing over 33% of total federal tax receipts in 1951 to less than 9% in 1983 (they're still in that neighborhood, the lowest in the industrialized world).

The result was devastating. Our government was suddenly so badly awash in red ink that Reagan doubled the tax paid only by people earning less than $40,000/year (FICA), and then began borrowing from the huge surplus this new tax was accumulating in the Social Security Trust Fund. Even with that, Reagan had to borrow more money in his 8 years than the sum total of all presidents from George Washington to Jimmy Carter combined.

In addition to badly throwing the nation into debt, Reagan's tax cut blew out the ceiling on the accumulation of wealth, leading to a new Gilded Age and the rise of a generation of super-wealthy that hadn't been seen since the Robber Baron era of the 1890s or the Roaring 20s.

And, most tragically, Reagan's tax cuts caused America to stop investing in infrastructure. As a nation, we've been coasting since the early 1980s, living on borrowed money while we burn through (in some cases literally) the hospitals, roads, bridges, steam tunnels, and other infrastructure we built in the Golden Age of the Middle Class between the 1940s and the 1980s.

We even stopped investing in the intellectual infrastructure of this nation: college education. A degree that a student in the 1970s could have paid for by working as a waitress now means incurring massive and life-altering debt for all but the very wealthy. Reagan, who as governor ended free tuition at the University of California, put into place the foundations for the explosion in college tuition we see today.

Roll Back the Reagan Tax Cuts | Common Dreams

Our bridges are falling apart (among other things), and its Ronald Reagan's fault. A few hours before the bridge collapsed in Minnesota, a news release landed (among hundreds) in my email inbox. It was from the right-wing "Heartland Institute" and a Minnesota conservative group calling itself...

www.commondreams.org

An op ed piece from Thom Hartman isn't exactly evidence of anything, he is a extreme liberal hack, but thanks for the fairytale story.

 

[Papageorgio]

So what? That means they all paid far less than $15 an hour, which means they were shit jobs. Roll all those into jobs with a livable wage. That's how the world works, you lose some, but overall, the end result is more money for the working class.

Business doesn't open up or stay open to provide good paying jobs. Businesses open up to make a product or service for a profit.

You and I have widget factories. I pay whatever it takes to get people to work for me, and you pay quality wages and benefits. Amazon needs 10 million widgets. I can sell them mine for $6.00 a piece, and you can sell them yours for $10.00 a piece. Who do you think Amazon, Target, or Walmart is going to buy their widgets from, you or I?

Me, because mine are higher quality, and yours are shit. Walmart and Target initially went with you, but after a slew of negative reviews, complaints, and returns by customers, they decided to go with mine. You still sell yours on Amazon, but most get 1 star reviews.

Paying a person more doesn't guarantee better products, never has.

 

[odanny]

So what? That means they all paid far less than $15 an hour, which means they were shit jobs. Roll all those into jobs with a livable wage. That's how the world works, you lose some, but overall, the end result is more money for the working class.

Business doesn't open up or stay open to provide good paying jobs. Businesses open up to make a product or service for a profit.

You and I have widget factories. I pay whatever it takes to get people to work for me, and you pay quality wages and benefits. Amazon needs 10 million widgets. I can sell them mine for $6.00 a piece, and you can sell them yours for $10.00 a piece. Who do you think Amazon, Target, or Walmart is going to buy their widgets from, you or I?

Me, because mine are higher quality, and yours are shit. Walmart and Target initially went with you, but after a slew of negative reviews, complaints, and returns by customers, they decided to go with mine. You still sell yours on Amazon, but most get 1 star reviews.

Paying a person more doesn't guarantee better products, never has.

Of course not, but my work processes are superior, and that is why I seek out better widget makers than my competition.

 

[Toddsterpatriot]

Poor people should have access to 401k type investing where they can get 10% on their savings

Sorry, 10% risk free return on cash doesn't exist.

Not anymore

Never, ever.

 

[Toddsterpatriot]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

So what? Biden is planning to create a bunch of new jobs in green energy, education, infrastructure and health care.

Putting money in people's pockets increases the demand for restaurants, home improvement, vacations, entertainment, new clothes, etc. and all those industries will have to go on a hiring spree to meet the demand.

and 900,000 lifted out of poverty.

I have looked over the last 20 years and I haven't found one President that has created one job other than a new position on his staff or cabinet. Over the same time span I have seen American entrepreneurs create thousands and thousands of new jobs.

The other thing you said is that it is going to bring 900,000 out of poverty which is great, however the CBO says that 1,400,000 will lose jobs, so our net will be a negative 500,000. So I'm not seeing that as a positive.

When you have a demand-constrained economy, consumer spending is the bottleneck.

but also taxpayers subsidize low wages

How Your Tax Dollars Subsidize Low Wages | The Takeaway | WNYC Studios

A new study finds that companies like Walmart and McDonalds often pay employees such low wages that many are driven to federal assistance programs to make ends meet.

www.wnycstudios.org

but also taxpayers subsidize low wages

If an employee adds $10/hr in value, what should their wage be?

 

[easyt65]

Ilhan Omar, an anti-American, incestuous, Immigration Law-violating Anti-Semitecelebrating the US government wielding the power to order a private business to inrease its employees' salaries by mandating a govt-defined minimum wage fits perfectly with a CCP-inspired socialistgovt that gives itselt the power to dictate to American-owned business how to operate their businesses by mandating a certain percentage of allowable customers at 1 time, outlawing outdoor dining, prohibitting bars / sports bars from having TVs on or serving alcohol, a socialist govt that destroys over half of the minotity-owned small businesses in the US through oppressive lockdown orders.

As one American forced out of a job stated, the government does not generate revenue or create jobs. Governments seizes / takes every dime it has / nearly every dime it spends from its citizens, and the govt - as Biden and the Democrats have proven - destroys businesses / jobs. It promises the creation of jobs but has no way to actually create any.


"If you like your job / home / livlihood, you can keep them..."